Word: first
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Dates: during 1960-1969
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...London market last week, the price of privately traded gold dipped to $34.80 per ounce for the first time since it was freed to find its own level 22 months ago. The decline, from a high of $43.80 as recently as last March, represented a resounding defeat for speculators and for theorists who had argued that the official price of gold should be raised and the dollar should be devalued. It was a victory for the U.S. and for those moneymen who believe that gold's power in world affairs should be diminished...
Secret Meeting. Since the Europeans had made the victory possible by agreeing not to buy South African gold in the first place, the U.S. could hardly refuse their request to ease the boycott. For its part, South Africa was ready to sue for peace. Its 1969 trade deficit reached an estimated $700 million by October, largely because of imports of machinery needed to modernize its economy. Unless the South African government could sell more gold at a good price, it would have to either 1) pursue risky policies of austerity and deflation during an election year, or 2) restrict imports...
...Thailand has completed two dams, Laos is working on the big Nam Ngum Dam, and Cambodia has begun a power and irrigation project near Pnompenh. Now the most ambitious project of all is ready for financing: the $1 billion Pa Mong Dam between Thailand and Laos. The dam, the first to span the Mekong itself, will generate more electricity than Egypt's Aswan Dam. Despite the solid advances, however, the Mekong plan's future is in doubt...
Cupid's Quiver is sold in pastel packaging from cosmetics counters instead of drug shelves. It was introduced nationally in August, and sales in the first two months climbed to $250,000-a total that would please any marketer of a new drug or cosmetic. It has had little trouble moving into better-known stores, including San Francisco's I. Magnin, Washington's Woodward & Lothrop and Brooklyn's Abraham & Straus. Philadelphia's Strawbridge & Clothier declined to advertise the product publicly but included 75,000 brochures for the item in the monthly statements that it mails...
Even the entirely godless-provided they are not entirely artless-know that Christmas began with an angel. The soaring radiance of medieval and Renaissance art turned again and again to the Annunciation and the astonishing moment when Gabriel first appeared to Mary with the slightly scandalous news that she was about to become the mother of Christ. Multiplied and modified by commerce, these and kindred images -of angels flying, angels tootling on long trumpets, angels simply adoring -have become as much a part of worldly Christmas as street-corner Santas. And when the New Year comes, they seem as swiftly...